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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 828 · 40 questions
TalentJR

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

NameDateTime takenScore ___ / 40
  1. 1.Nisha makes 18 fruit cups at a cost of ₹35 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  2. 2.Tara makes 25 fruit cups at a cost of ₹37 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.True or false: “what a customer pays” is the selling price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.True or false: “what a customer pays” is the cost price. (a) False (b) True
  7. 7.It costs ₹25 to make one fruit cup. Vihaan sells it for ₹44. What is the profit on one (in ₹)?
  8. 8.One potted plant costs ₹45 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  10. 10.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  12. 12.It costs ₹5 to make one cupcake. Riya sells it for ₹19. What is the profit on one (in ₹)?
  13. 13.One friendship band costs Aarav ₹29 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.True or false: “money got from a sale” is the cost price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.True or false: “money spent to get it” is the cost price. (a) False (b) True
  17. 17.It costs ₹24 to make one glass of chai. On the last day Saanvi sells it for only ₹18. How much is the loss on one (in ₹)?
  18. 18.Farhan makes 15 potted plants at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  19. 19.One bag of popcorn costs ₹36 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  20. 20.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  21. 21.True or false: “cost of making one” is the cost price. (a) False (b) True
  22. 22.One cup of lemonade costs ₹45 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the price you sell at” is the cost price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  25. 25.It costs ₹48 to make one bag of popcorn. On the last day Diya sells it for only ₹42. How much is the loss on one (in ₹)?
  26. 26.It costs ₹44 to make one handmade card. On the last day Diya sells it for only ₹34. How much is the loss on one (in ₹)?
  27. 27.It costs ₹7 to make one painted pebble. On the last day Riya sells it for only ₹6. How much is the loss on one (in ₹)?
  28. 28.One bag of popcorn costs ₹37 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹54 to make one potted plant. Diya sells it for ₹62. What is the profit on one (in ₹)?
  30. 30.It costs ₹19 to make one friendship band. Zoya sells it for ₹34. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹21 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  32. 32.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  33. 33.True or false: “money spent to get it” is the selling price. (a) False (b) True
  34. 34.It costs ₹7 to make one jute bag. Joseph sells it for ₹11. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹51 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹24 to make one cup of lemonade. Meera sells it for ₹40. What is the profit on one (in ₹)?
  37. 37.It costs ₹62 to make one clay diya. On the last day Gurpreet sells it for only ₹53. How much is the loss on one (in ₹)?
  38. 38.True or false: “cost of making one” is the selling price. (a) False (b) True
  39. 39.One painted pebble costs ₹44 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “the price on your board” is the cost price. (a) False (b) True

Answer key

  1. 72
  2. 50
  3. cost price
  4. True
  5. selling price
  6. False
  7. 19
  8. 63
  9. False
  10. what it cost you
  11. selling price
  12. 14
  13. Profit
  14. False
  15. cost price
  16. True
  17. 6
  18. 45
  19. 54
  20. what the buyer pays
  21. True
  22. 47
  23. False
  24. selling price
  25. 6
  26. 10
  27. 1
  28. 42
  29. 8
  30. 15
  31. 37
  32. SP more than CP
  33. False
  34. 4
  35. 56
  36. 16
  37. 9
  38. False
  39. 57
  40. False

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